2009-11-01
2009-11-30
x CNBC

PROGRAM
Closing Bell 11
Worldwide Exchange 7
Squawk Box 6
Squawk on the Street 6
Mad Money 5
The Call 4
The Kudlow Report 2
Wall Street Journal Rpt. 2
STATION
CNBC 43
DATE
Nov 30th (Mon) 7
Nov 25th (Wed) 7
Nov 24th (Tue) 7
Nov 23rd (Mon) 7
Nov 20th (Fri) 7
Nov 27th (Fri) 5
Nov 21st (Sat) 2
Nov 26th (Thu) 1
Nov 19th (Thu) 1
Nov 28th (Sat) 1
LANGUAGE
English 43
TOPIC
china 34
s&p 28
new york 26
europe 22
cnbc 20
asia 19
dubai 14
washington 14
india 13
london 13
steve 13
dell 12
scott 12
singapore 12
joe 11
shanghai 11
( more )

Set Clip Length:

CNBC - Closing Bell
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Nov 20, 2009
CNBC
Closing Bell
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Nov 20, 2009


industrial zone between egypt, israel and the united states. it has helped to boost our trade and export to the united states. but in the meantime, we are also working in new channels to support some initiatives between the two countries. and that's what i hope we can conclude in washington on monday. >> and what would you like to hear in order to walk away and feel that that was successful? >> well, we are still waiting to hear from the administration a stronger message about opening up in trade, not just with egypt, also with the rest of the world. i think that is a big question hanging at the moment in terms of the position of the administration, towards liberalization of trade. and i have to admit that this is a worry that we all have in emerging markets at the moment. but i feel confident because of the long history of the relationship between the two countries, that the support for a high level of economic cooperation between egypt and the united states will be materialized during this administration. >> well, it's true, i guess, in the economic slowdown, you know, countries across
CNBC - Wall Street Journal Rpt.
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Nov 22, 2009
CNBC
Wall Street Journal Rpt.
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Nov 22, 2009


and these companies can be located in the united states, europe, japan. anywhere. you got to look at it company by company to try to latch on to some of this growth we're seeing coming out of asia. >> let me talk specifically about the united states right now. the market has soared about 60% since march which was really the bottom, of course. now hitting 13 month highs this week alone. do you think there's still room to go up? if i wanted to enter this market, put new capital to work right now is that worthwhile or have i missed. >> no, you haven't missed it at all. what people don't realize is just how much the market fell in point terms. between october 9th, 2007, and march 9th of 2009, the s&p 500 fell by 888 points. we still regained less than half of those points lost. so there's still more money on the table than we've gotten back so far. so i know people would have liked to have gotten in march, but even if they didn't, there's still opportunity for good gains in stocks in the united states over the next few years. >> what about the large sort of structural issues the u.s. is facing righ
CNBC - Squawk on the Street
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Nov 20, 2009
CNBC
Squawk on the Street
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Nov 20, 2009


miss on the bottom. ten cents versus 13 cents. ceo citing weakness in the united states. comp store sales down 8%. this stock has underperformed the broader market since the march low. finally, a little more detail on intuit. similar story than foot locker. beat estimate on the top line, missed on the bottom. operating margin, 6% below expectations. lowered next your's guidance but did it for full year. stock is down 4% the last three months. mark, back to you. >> thank you, sir. >>> bond yields back in pre-crisis levels, a sign that things are getting worse again or just investors settling up before year's end. kevin, head of fixed income sales trading and research with morgan keegan. kevin, don't tell me this is a reflection of things getting worse again. >> no, not really. i think there are two forces at work, mark. there's the fear, the fear of the recovery or a lack thereof, the fear of risk assets and fear of liquidity as we approach the end of the year. the other is greed. you've got hedge fund managers, you've got corporations, you've got broker dealers, all of that great ye
CNBC - Worldwide Exchange
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Nov 30, 2009
CNBC
Worldwide Exchange
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Nov 30, 2009


, christine, thanks. >>> looks like a bit of a bounceback from friday selloff here in the united states. here's where the futures stand right now. you do have the dow jones futures a little bit above fair value and the s&p, as well. looks like the nasdaq could open with modest losses. several hours before we do begin trading. busy week of course, we do have retail sales from this past holiday weekend to keep a close eye on cyber monday. a lot of online shopping to be done today. and we look forward to the confirmation hearings beginning this thursday for the fed chairman ben bernanke and also that jobs report, that key one coming, of course, on friday. let's take a look meantime at where the bund yield sits right now as we take a look at the ten-year bund yield edging up a touch here and then the ten-year treasury in the united states edging up, as well. most of the focus has been on the shorter end of the curve as the two-year treasury yield hit its lowest level this year. take a look at gold, as well, certainly a lot of focus there, the dollar edging weaker today and gold down a touch $5 or
CNBC - The Call
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Nov 30, 2009
CNBC
The Call
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Nov 30, 2009


a little bit more about what the fed's been concerned about in the united states, which is, of course, commercial real estate. most of the stuff that was going on, dubai was overbuilding. they lost tenants or didn't get tenants. and they tried to obviously create a tourist destination in the middle of the desert. now that we've had a global slowdown and business has dropped off, obviously their bull's eye for really representing the problems of commercial real estate. which, by the way, if you take a couple more steps back, if you look t it, who are the banks that are affected by this? obviously in the uae we know that a tremendous amount of european banks have debt of the uae. but also a little bit in the united states. citigroup as well. the people that find themselves who are going to be hurt by this could also be small and medium-sized firms here in the united states as banks globally pull back, have to put aside loan loss reserves. and, of course, not lend much to the small and medium-sized firms. >> andy bush, you were mentioning the fed. is there a lesson for the fed here? what
CNBC - Closing Bell
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Nov 20, 2009
CNBC
Closing Bell
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Nov 20, 2009


of the united states on our deficit, asking about our health care bill for good heaven's sake. geithner got screamed at, demanded a resignation yesterday, which was a strange scene as well. how does this play into the stock market? >> i think it plays into the stock market, its effect on investor confidence globally. you've got big strong economic growth going on outside the united states. employment is actually rising in eight or ten big countries. and i think the ability, the willingness, the tendency of foreign investors, big ones, in the trillions, to continue to send their dollars here, they want to feel that somebody is protecting the ongoing purchasing power of the dollar. and those three things you mentioned -- >> negative confidence. they're negative for confidence? >> they're a little bit shaky for confidence. i think you've got the -- you need a couple of people to come out and say we really do believe, not just the jawboning, we do believe in maintaining the external purchasing power of the almighty dollar. >> mike, when you get stock traders start saying to me, look at gold her
CNBC - Squawk Box
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Nov 30, 2009
CNBC
Squawk Box
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Nov 30, 2009


: yeah. and what's interesting is -- as far as the united states is concerned, you know, the u.s. government's always supported dubai as an experiment because it is such a moderate place. you have iranians coming here -- and by the way there's a lot of iranian money here, which is interesting in light of the nuclear reactors. saudi arabians come here, it's this sort of mecca for people to come and let their hair down, take off their traditional garb if they want to, but you do have a lot of europeans too. is there need for a tourist hub here? you really can make the argument for yes. they always say there's 400 million people within a three-hour flight, 400 million wealthy people. there's billions within that distance from here that they think can really come and spend money. and there is something to be said for that. there is no sort of caribbean. there's an atlantis here. and you look at it across the water and you literally think that you're at the other atlantis. this is the caribbean maybe for the middle east and for europe. maybe it go way overbuilt, but you do still hav
CNBC - Squawk Box
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Nov 24, 2009
CNBC
Squawk Box
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Nov 24, 2009


, with softer economic growth in the united states compared to elsewhere on the sidelines, you probably do continue that trend. ultimately, i like diversification when things are driven differently. right now, we're not getting that. chris and beth ann, thank you so much. >> but at 666 on the s&p -- >> it was -- >> -- calling another big down leg. >> the economists for the year -- >> they're not stock market. >> but they had the growth numbers that are out there. >> i don't think they do, either. if you look at the growth estimates of gdp for the next six months, it has nothing to do with stock prices for the nkts six months. >> but wait a second. if i tell you six months from now, and let's say that you agreed with my forecast, that growth is going to be minus 6%, would that not affect your willingness to buy stocks six months out? >> yes, it would. but psychologically -- >> and i'm telling you that six months ago, the forecast was for plus 3% for the second half of the year and that was something that -- >> why did they turn bearish up 20%? >> who turned bearish? >> all they economists,
CNBC - Closing Bell
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Nov 24, 2009
CNBC
Closing Bell
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Nov 24, 2009


agriculture in the main and go to a large farm in the united states farmers use big tractors and big equipment and they plow up the soil and, of course, every time you do that that emits carbon that has been sequestered in the soil. virtually all of the crops around the world and countries and agricultural practices have a role to play. i surely wouldn't limit it to just the developing parts of the world. >> i find it fascinating when you look at the percentage breakdowns. when you go to copenhagen, what are your main goals at the end of the conference as it relates to agriculture? >> for starters, we would like to see agriculture be a big part of the copenhagen landscape. today you follow the press. many people are thinking about copenhagen in the way of industrial emissions and how we produce energy and, of course, that is vitally important part of not only curbing greenhouse gas emissions but solving long-term global warming problems, but agriculture, 1/3 of the total greenhouse gas emissions and it has a role to play. success for us has it being more of the agenda. >> you think you are und
CNBC - Squawk on the Street
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Nov 23, 2009
CNBC
Squawk on the Street
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Nov 23, 2009


% in the united states and much less than that around the world can clearly sustain a higher price level for stocks from here. >> burt, what about the fact we're jamming $100 billion of treasuries into the market week after week? at what point the market, the global buyer and the uptick, the take-up rate does people just say, no mas? >> yeah, you know that is a problem. but i will say this, the stimulus for around the world, especially china, their recovery package is to get the united states fixed because if they get united states fixed we buy their stuff again. i think the world is going to continue to absorb these and they're going to do so largely because it helps us out. at the end of the day they know if they don't step up to the plate and buy these the end consumer in the united states, which is the global spender, is going to end up being weaker than what they want. attend of the day, the stem louse and the recovery of china and the rest of the world is to really bail us out and the way they bail us out is to buy our treasuries. >> john, by any measure a subpar recovery as far as
CNBC - Closing Bell
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Nov 25, 2009
CNBC
Closing Bell
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Nov 25, 2009


, the pipeline arena of the united states. they're a company like enterprise product part nirs, as good as you're going to find. in the technology space we like intel where the dividend yield is actually over 3%. we like in the health care arena, baxter international. and then bringing in the telecom, we like verizon, the largest mobile carrier in the united states with a dividend yield of around 6.5%. safe, hive-quality companies. >> george, contrast for me where you would lead people. >> simon, i think that when it comes to dividends, size matters. investors right now are basically bipolar. they don't know whether to participate in the market or to stay away from it. and therefore, i think that the utilities sector, which is decried by many as being drab and dreary and defensive is a good place to put money, both for current yield and for capital appreciation. utility stocks is a group that has gone down over the last year while the market's gone up 25%. certainly on a relative and comparative basis, you can get yields up to 5% to 6% from the likes of dominion resources or duke energy or ame
CNBC - Mad Money
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Nov 28, 2009
CNBC
Mad Money
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Nov 28, 2009


in the united states. and the nearly $100 billion global porn business. in fact, it's a business so big that every second $3,075 is being spent on it, more than 28,000 internet users are viewing it, 372 internet users are typing adult terms into search engines to find it, and every 39 minutes, a new video, including this one, is being produced in the united states. pornography sells what millions of people want and want often. steven hirsch is cofounder and co-chairman of vivid entertainment, one of the biggest players in adult entertainment. >> as our first movie was 25 years ago, it's really the same formula. beautiful girls who work exclusively for the company, movies that cater to couples and hot sex. those things haven't changed. >> what is changing is the business of porn. its profits are under assault, official industry statistics are tightly guarded, but by some estimates, dvd sales are down between 30% and 50% in the last year, pounded by a weak economy, piracy, and free or cheap porn on the internet. industry execs say this is the toughest time ever in the history of pornograp
CNBC - The Call
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Nov 23, 2009
CNBC
The Call
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Nov 23, 2009


think? >> i don't think they'll be taken down by regulators. if we take a look at yus the united states in general and our water infrastructure, most of the pipes in the ground are 80 years old or more. so when a pipe breaks, you have to fix it. and i just don't see regulators pushing back against profit margins on companies when the infrastructure investments are necessary. >> debra, what does a stat like that mean? when we say demand is going to exceed supply by 40% it makes it sound like everybody's going to die. where is there not going to be water? tell us what ma means. >> if you take a closer look at that report basically it means water is being used inefficiently. what the report says is that if we keep on the way that we're wasting water that we'll run out. agriculture overuses water. industry overuses water. residents, particularly in america, over use water. it's really about water efficiency. if we use the water that we have more efficiently, nobody's going to die. what that does mean is that people are going to have to pay more for less water use. and that's something that
CNBC - Worldwide Exchange
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Nov 26, 2009
CNBC
Worldwide Exchange
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Nov 26, 2009


it could recall about 100,000 toyota tundra trucks. >>> it is thanksgiving in the united states today and that means one thing. the holiday shopping season is officially here. do check out cnbc.com for some gift buying advice. how about this iconic sports aircraft for $250,000? or if flying isn't your sort of thing, you could certainly pick up one of these customized cup cake cars for 25 grand. go to cnbc.com and see what else is on the list. certainly, a lot of things to pick up for your friends and loved ones, ross. >> three of the cup cake gods i think for my friends. still to come on the program, we'll talk to the president of skype about the state of his company just a few weeks after ebay sold a 17% stake to a private investigate group. and we'll be in zurich where many of them have gone to set up shop. later on in the program, we'll speak to christine at the asian business awards tonight. llll >>> european stock markets are weakening. resources, banks, all down fairly heavily. >> taking a check on the ftse 100, we are down by about 92 points or so which in percentage terms
CNBC - Closing Bell
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Nov 30, 2009
CNBC
Closing Bell
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Nov 30, 2009


're doing and much more intuitive, as that continues to happen here in the united states and abroad, we believe mobile payments is going to be very big. >> reporter: now, for ebay, up almost 75% this year, paypal has been a secret weapon of sorts against its rival amazon in their ongoing online retail battle. amazon, you heard jane talk about this earlier, hitting an all-time high. while online shopping traffic did dip 15% year over year, spenders, well, they plunked down 11% more money this time around. that's good news for retailers like amazon, walmart and target. and also good news for ebay because of paypal. >> we believe the opportunity is still enormous as you look out to the future. because ecommerce is growing here in the united states and all around the woerld. and more people shop online in a safe, convenient way to check out. >> reporter: jane, reference those zhu zhu pets, sold 1 million on friday, 10,000 of those electronic rote ents. sue, did you get yours? >> no. we're leaving that up to santa claus. we will see. >> reporter: good idea. yesment. >> all we need, electroni
CNBC - The Kudlow Report
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Nov 23, 2009
CNBC
The Kudlow Report
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Nov 23, 2009


and japanese? why do the indians? why do other countries want to build their plants in the united states? i say, because we're at a better cost advantage. we can't beat china and a few others yet. but ironically, the weaker dollar will help us long term. >> steve, i've left you until last. what should we make of what's going on. not for getting employment is above 10%, despite the bullish activity on the stock market. >> a weak dollar means a weak economy. we should have learned that from the 1970's. it's a job killer as well in terms of denying businesses access to capital, they speculate in commodities and currencies instead of investing in businesses. that's why you get some overseas investment, overall the for reign capital the weak dollar is poison. it introduces too muchen certainty. in terms of exports by artificially lowering the price of your exports you more than make up with the disastrous distortions you get in the domestic economy. so in the 1970s we'll have rallies. when a rotten decade it was. ronald reagan strengthened the dollar and we had a good run in the 1980s. >> simply off
CNBC - Closing Bell
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Nov 23, 2009
CNBC
Closing Bell
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Nov 23, 2009


the weekend. not just a hit in the united states, pulling in $259 million worldwide this weekend. >>> the looming expiration of the first time home buyer tax credit helping 40e78 sales soar to the highest in two and a half years. diana? >> reporter: maria, the question, of course, is just how much did the pending expiration of that tax credit which was later extended, the answer is likely a lot. existing home sales posted two records, biggest month-to-month and biggest year-to-year jumps sales were strong across the nation with the exception of the west up just 1.6%. another good sign is that inventories fell to their lowest level in 2 1/2 years, and if you go local to the west, where prices have fallen the most and sales have been busy for quite some time, there is very little supply available. >> interestingly, what i hear from las vegas, san diego, riverside, and other areas, is that they are really desperate for inventory op the lower price range. they're saying there's just insufficient inventory on the lower price range, even though they have buyers to buy, there's not enou
CNBC - Worldwide Exchange
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Nov 24, 2009
CNBC
Worldwide Exchange
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Nov 24, 2009


would you position yourself? >> well, we have some positions for our clients, even in the united states. we own some world class businesses in the industrial machinery space and the resources space. we believe we have a huge wall of liquidity which is now climbing the wall of worry. most people we talk to and most commentators say this is a rally, this is a bear market rally, that this is going to crash. we tend to disagree. we believe that the bear market ended in march in the west. it ended last october/november in asia and now we are a full months into a cyclical bull market which will probably carry on until such point that the central bank decides to raise rates. one of the officials in the fed commented that the fed would not raise rates until 2012. money is pouring into assets and people are getting very, very worried about the loss of inflation and central banks are destroying the value of money, they're debasing the currencies, that's why stocks, pressure metals, the value of everything is going up and the worth of paper money is going down. >> thank you very much, puru saxena
CNBC - The Call
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Nov 27, 2009
CNBC
The Call
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Nov 27, 2009


, these are the companies with the most exposure to dubai or to the united states arab emirates. so they have been weaker tloit throughout the session. see how the spillover has been in u.s. banks. citi has 1.9 billion exposure to the united arab emirates, so it's under a little pressure. take a look at that five cent loss. not much. i want to end with one european bang we've been watching today. it's ing. one of the biggest losers on the new york stock exchange, but it's having a rights offering today. 7.5 billion. to help repay this to the government. take a look at this. the dow's down only 109 right now. >> certainly a lot of recovery. thank you very much. now, let's bring in david faber. interesting how the market has started to take a deep breath and the step back, but it's worthwhile to look at those dubai headlines again. >> more than 48 hours past since the news, dubai saying we want a standstill on our debt agreements, our ability to repay those maturities is in some doubt. let's take a look at the schedule we're talking about. the s&p well off its lows as you heard mary just say. our own marke
CNBC - The Call
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Nov 25, 2009
CNBC
The Call
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Nov 25, 2009


? >> i think longer term, the story is is about the luxury consumer outside the united states and i think the thing to keep in mind as we look at the u.s. luxury goods, houses, tiffany would be the primary, coach as well. if they can have a u.s.-based central cost, manufacture their product globally, but sell it from outside the united states basis, that's a very nice combination with the weak dollar. a u.s. exporter of a luxury brand is a pretty good recipe longer term. >> thank you for your time. >>> coming up, we've got our bull-bear debate and we're going to discuss whether the american consumer will buy enough to keep the rally going. >>> and we'll show you a group of students who are managing some of their college endowment fund and getting outstanding results. i drove my first car from my parent's home in the north of england to my new job at the refinery in the south. i'll never forget. it used one tank of petrol and i had to refill it twice with oil. a new car today has 95% lower emissions than in 1970. exxonmobil is working to improve cars, liners of tires, plastics which are li
CNBC - Mad Money
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Nov 20, 2009
CNBC
Mad Money
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Nov 20, 2009


in particular to countries outside of the united states and if you think that's a way to play either the pickup in china or more importantly, the economic recovery that may or may not be happening in the united states. >> listen and listen good, the only autdo company i am recommending is ford. why? because alan mahaly is a hero of mine. "fortunate" magazine called steve jobs the best ceo, the xrae ceo of 2009 is alan mahaly. eric in new jersey, eric? >> caller: boo-yah from your neighbor in jersey. in middlesex county. >> ever heard of the great white that was on shark week recently? never mind, go ahead. >> caller: i bought a bunch of oshkosh shares for $9. >> you got horse sense. i didn't recommend it. what are we going to do now, it's at $37. >> caller: i know. they got a big contract for $5.7 million, what should i do? >> you, my friend are being a pig and i know that bulls make money, bears make money, but pigs get slaughtered. here's what you're going to do. monday morning, take your cost out. you're not going to give me a contract. come on. you're from jersey. i thought you knew somethi
CNBC - Closing Bell
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Nov 19, 2009
CNBC
Closing Bell
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Nov 19, 2009


the president of the united states took office. we would have had a stronger fiscal position if we didn't have eight years for paying for our commitments. >> the congressman's time has expired. >> i take responsibility for anything -- i'd be happy to -- i cannot take responsibility for the legacy of crises you've -- >> this is your budget. this is your bailout. this is your stimulus. >> i take full responsibility for those with great honor and pleasure. >> the gentleman's time has expired. >>> it was live on cnbc. the labor department reports the initial jobless claims were unchanged last week at a seasonally adjusted 505,000. for the four-week average, it fell to 514,000. that is the lowest level in almost a year. and the number of americans continuing to collect unemployment benefits fell to 5.6 million. that's the lowest level since march. >>> economic indicators rose to a two-year high. that number was less than expected, indicating a sluggish economic recovery. >>> federal aviation administration says it has fixed a computer glitch that caused wide ved flight cancellations and delays for
CNBC - Closing Bell
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Nov 24, 2009
CNBC
Closing Bell
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Nov 24, 2009


in the united states which is a public/private partnership i am joined live by dr. daniel vasella the chairman and ceo of novartis. to be the first in this highly competitive pharmaceutical industry, to have a cell-based vaccine plant in the united states you must feel like a proud papa? >> partially. we will only deliver flu vaccine in 2011 and more in 2013. so it is still some work to be done. >> no disrespect intended to the people of holly springs, north carolina, but why sneer you have a big presence in new jersey. a big presence in massachusetts. why north carolina? >> first of all, we knew north carolina because we were here with our ag business and mental health business and we knew we would be able to hire skilled people. there were benefits the state gave us out of that. the package of being business friendly, having incentives and having the skilled labor was very important to us. >> what will you do to try to get the fda to get this place approved and up and running as quickly as possible so that in the event of another pandemic in the near future it doesn't take so long to get a n
CNBC - The Kudlow Report
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Nov 24, 2009
CNBC
The Kudlow Report
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Nov 24, 2009


publisher yourself. the post says it's closing the last domestic bureaus it has in the united states. the bureaus are new york, los angeles and chicago. they say the bureaus will be closed at the end of the year. the editor is mosquito kwoeted as saying the basic fact is we can recovery the rest of the country from washington. as which i remember and editor in chief of u.s. news and world report, publisher of the "new york daily news," how would you greet that news? >> let me put it this way. i've been telling everybody that the print publishing business is s an oxymoron. it's sumpbing from the loss of advertising. when you're in that kind of position and you can't manufacture the revenue, you've got to cut costs. it doesn't mean the bureaus aren't valuable. but when you have no choice but to reduce cost somewhere, this is probably the decision we made. we can afford or better afford to reduce our bureaus. u.s. news used to have five overseas, 11 overseas bureaus depending on where it was, when it was. the real driver is you have to cut costs. look at the losses "the washington post"
CNBC - Squawk on the Street
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Nov 24, 2009
CNBC
Squawk on the Street
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Nov 24, 2009


making plant in the united states. mike? >> yeah, erin. for the first time in half a century, a faster, better, ch p cheaper way to make a flu vaccine on american soil. i'll have the details coming up next in a live report are when "squawk on the street" continues. there is only so much water in the world. but demand is increasing. it takes about 35 gallons to make a cup of coffee. 700 gallons to make a t-shirt. our team is thinking of ways to make water management smarter. nanotechnology that removes salt from water. smarter factories... ...that run on reclaimed water. smarter farms that use... ...less water to grow more food. if we can't make more water... ...we have to be smarter about the water we have. that's what i'm working on. i'm an ibmer. let's build a smarter planet. smells good. it's a cookie exchange. we're baking up holiday spirit to share with friends around the country. you know, priority mail flat rate boxes from the postal service makes shipping simpler than no-bake peanut cluster. if it fits, it ships anywhere in the country for a low flat rate. so sending macadamia
CNBC - Squawk Box
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Nov 20, 2009
CNBC
Squawk Box
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Nov 20, 2009


in the financial system, it is substantially stronger today than when the president of the united states took office. and we would have had a stronger fiscal position if we didn't have eight years of paying for our commitments, not bar roaring against them. >> at some point -- >> your time as expired. >> you have to take responsibility for your decisions. >> i take responsibility for anything i'm part of doing. i would be happy for that. what i can't take responsibility for is for the legacy of crisis you've -- >> this is your bailout. >> this is -- >> the gentleman's time has expired. >> the obama administration defending the secretary. in a statement, the white house says geithner has helped steer the economy back from the brink and is leading the effort on financial reform. but you heard him say, what i can't take responsibility for is the legacy of crisis you have bequeathed this country. >> i don't know who he meant. >> i'm not sure, either. there's the countdown clock right in front of him. does that mean his time was up or he's a big zero? >> no. the guy's time was up. >> but what is t
CNBC - Squawk on the Street
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Nov 30, 2009
CNBC
Squawk on the Street
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Nov 30, 2009


of this solution, if abu dhabi and united states force dubai to sever a lot of those ties as part of the humbling of dubai in dealing with this debt, if dubai was to sever ties with iran, how significant would that be? >> that's a loaded question. >> the politics of it, but just on the financial side. >> 10% residential ownership impact. math is straightforward there. >> not touching it. in other words, i'm not touching it with a 50-foot pole. already. saad is going to be with us throughout the day. really, is dubai going to last. and we have our reporting on that as well. right now, let's get back to new york and go through all the markets around the world, get the reaction and find out what the other big stories are. let's get to the new york stock exchange. >> thanks very much, erin. for all this talk about a lack of transparency and dumping all this news over a long weekend, our markets here are relatively flat this morning. traders down here agree that neither abu dhabi or dubai can afford the reputational risk of walking away from the debt. it appears that will not be happening. some of the
CNBC - Closing Bell
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Nov 30, 2009
CNBC
Closing Bell
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Nov 30, 2009


in the united states to those banks, if unemployment flattens out then they are bullish on the big banks and the credit card stocks. specifically jpmorgan chase, bank of america, and capital one. do you think they're right? >> i think this's a lot of truth to it. i actually think being on the consumer side is probably better than being on the industrial and definitely the real estate side. the consumer has been digging themselves out the i actually think the rather lackluster retail results are probably a good sign. i think the consumer has responded. the man on the street is not stupidment he understands when he's overextended himself. he understands when bad weather is coming and he has to batten down the hatches. >> a question of timing, though, isn't it? there are an awful lot of mortgages, for example, that might be given up on and housing stocks that might come on the market. undoubtedly the american consumer is getting more strong. that's what we're witnessing. at what point do you buy that? >> well, i don't think this's a rush to buy these stocks. i have to tell you, the cutter v
CNBC - Closing Bell
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Nov 27, 2009
CNBC
Closing Bell
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Nov 27, 2009


there in singapore. >>> back here in the united states it's black friday, also known as super bowl for retail. with the backdrop of a struggling economy and a jobless rate at a 26-year high we get a gauge ever how this holiday season will fare. stacy joining me, vice chairman and u.s. retail leader and eric better, associate director of equity research at breen murray currat and coe. stacy, you have an upbeat survey of how you think people will spend or the confidence among the consumer. tell us more about that. >> we surveyed about 10,000 consumers back in september, and we had 51% said they were going to spend the same or more than they did a year ago, and then we just did a pulse survey over the weekend and 30% said that they were going to spend more than they originally anticipated two months ago. so i think what we're seeing is an increasing amount of optimism which i think is really necessary to outweigh those consumers that are worse off economically than they were a year ago. >> we were saying this when we got the data. we had a big data day on wednesday and there was a feeling of the
CNBC - Squawk Box
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Nov 25, 2009
CNBC
Squawk Box
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Nov 25, 2009


in the dollar? there's a lot of controversy here in the united states that they shouldn't be happy about the dollar, they should be fighting to support it. >> if it's a gradual decline, it should help your ex ports. that will really rebalance the world in a trade situation. if the dollar gradually declines and renminbi depreciates somewhat, that would be a desirable situation for both the u.s. and china. >> sir, you seem to feel, from what i've read, that deflation is a problem at this point globally. it's a worldwide trend. how does that explain the move in gold and the notion that the reason we have this dollar weakness is because of the printing presses running full time here in the u.s. is that because you're so phobic in japan now about inflation or deflation or is that the the biggest problem? >> well, this deflation or this inflation is not a monetary phenomenon. it is a result of the globalization and the deflation is actually happening in this country in japan. this is going to continue for some time. and even for the u.s. and europe, disinflation is taking place. and at least f
CNBC - Squawk on the Street
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Nov 27, 2009
CNBC
Squawk on the Street
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Nov 27, 2009


in europe or the united states or the ones with the five guys that actually matter in your country who are going to make the decisions. i think that's what maybe the global market is starting to see. more globalized in one sense than we've ever been before but also more parochial in another sense. >> although i never argue against the interconnectedness, we have seen that in terms of asset classes and around the world from the last crisis that we've been going through. we have a maturity schedule if you want to look at it, for dubai, in terms of where the debt needs to be paid and when it needs to be paid. it adds up to $8 billion or so in 2010. no real word here at this point in abu dhabi. a lot of speculation all of this is, in fact, abu dhabi is saying no mas, we're not there for you any longer. we shall see what happens there. final thought for me on this. i mentioned this wednesday. mgm, the huge city center project, dubai world, their partner. fully funded. everybody who i've talked to close to that project indicates they got their money. so no real concern there. but i've heard
CNBC - Wall Street Journal Rpt.
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Nov 29, 2009
CNBC
Wall Street Journal Rpt.
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Nov 29, 2009


no net job creation in united states between 1999 and 2009. we are looking at no job growth until 2018. getting people back to work is very important. if this is the opening salvo in that, this is -- >> what about creating jobs? what is this about save org creating jobs? >> as long as the economy grows, you get jobs back. the most important thing larry summers has said in the last five or six months is that that old law seems to have gone away. it doesn't seem like pure growth alone is going to be enough to create jobs. so that's why you've got to come up with some innovative solutions. >> where's the innovation, gentleman? where do you believe the growth is in this economy and in jobs? >> it's in innovation. it's in the ability to create whole industries like we have in the high-tech world in the last decade. for that, we need intellectual capital. for that, i might add, it would be very helpful if we didn't send half of our science graduates abroad because we won't let them work in this country. >> u.s. innovation isn't the creative destruction. i would call it nondestructive creatio
CNBC - Mad Money
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Nov 21, 2009
CNBC
Mad Money
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Nov 21, 2009


, the pick up in china or the economic recovery that may or may not be happening in the united states. >> listen and listen good, the only auto company i am recommending is ford. "fortune" magazine called steve jobs the best ceo, the other is ford motor. eric in new jersey. eric. >> caller: boo-yah from your neighbor in jersey. in middlesex county. >> remember the great white, on shark week recently? it's a great story. >> caller: i bought a bunch of oshkosh shares for $9. >> you got horse sense. i didn't recommend it. it's at $37. >> i know. they got a big contract for $5.7 million, what should i do? >> you, my friend, are being a pig and i know that bulls make money, bears make money, but pigs get slaughtered. monday morning, take your cost out. you're not going to give me a contract. come on. you're from jersey. take your money out on monday. if you want to speculate on recovery in the auto industry, consider seating. i think you should consider lear. lea. i think you should stay with cramer. >>> it is time -- it is time for the "lightning round" on cramer's "mad money." what's tha
CNBC - Worldwide Exchange
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Nov 25, 2009
CNBC
Worldwide Exchange
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Nov 25, 2009


to be thankful for? if you're just joining us in the united states of america, welcome to the start of your global trading day. this is "worldwide exchange." we are doing it live, folks, up and at em in the u.s. in asia and europe all at once. and we begin with a check on the u.s. futures at this hour. trying again at the early set to get off to a strong start and snap that losing streak that has seen us fall for four of the past five days right now. if you look at the fixed income markets, we will have a big treasury auction here, but the 10-year bund, little changes add 3.25%, you will get just a little bit more for your buck on a 10-year treasury at 3.32% right now. are we doing gold? no. we're going to ross. but i've got to tell you, goad touched a record and ross is into the ftse cnbc global 300, which i look to look at, as well. >> i know you do and that's why we bring it up to you at this time every day. mining stocks are doing dwight well. european stock markets, there we go, the ftse 100 up basically .75% across the board. a little bit is for the smi in switzerland. autos slightly
CNBC - Worldwide Exchange
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Nov 27, 2009
CNBC
Worldwide Exchange
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Nov 27, 2009


services activity. in europe and, for example, in the united states. so that at the end of the current fiscal year, our workforce will be down by 20,000, but 15,000 driven by debt investments and only 5,000 by gains in productivity. herr schulz, we appreciate your time this morning. thank you for joining us. >>> still to come, fears of a dubai debt. default could reig nate the financial turmoil of the credit crisis. we'll going the talk to the director of sovereign ratings who is in dubai. you all want to run your businesses more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. shipping's a hassle! weighing every box... actually, with flat rate boxes you don't need to weigh anything under 70 pounds. if it fits, it ships for a low flat rate. call or go online for a free flat rate box shipping kit that includes free boxes and our helpful shipping guide. do it today, and we'll ship it all right to your door for free. ok, but i ship all over the country. you can shi
CNBC - Mad Money
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Nov 19, 2009
CNBC
Mad Money
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Nov 19, 2009


in speech therapy to 1,068 skilled nursing and health care facilities across the united states. these guys are big. it also manages 156 hospitals, inpatient rehab facilities, medical therapies, and it owns and runs long-term acute care hospitals. that's a business that is so good, and it just expanded with this leently announced health care with triumph health care. long-term acute care hospitals are a much, much better business. certainly better than a plain old hospital. long-term acute care takes care of very sick people meaning -- unfortunately, but it's true, expensive procedures that tend to be very lucrative. plus, there is very little risk that the government is going to stop paying for care for people with respiratory trauma or neuro disorders. three years ago, congress put a moratorium on building new long-term acute care hospitals. in exchange, they wouldn't cut medicare reimbursement rates for the industry. so there's really not a lot of competition. while reimbursement rates should rise 2% in 2010, triumph rehab care will be the second most popular business. this rehabcare's h
CNBC - Closing Bell
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Nov 25, 2009
CNBC
Closing Bell
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Nov 25, 2009


of under $200 billion versus $14 trillion for the united states. about 5 million people reside here in singapore. but the location of the country is critically important for the rest of the world. where we're standing right now, it's the largest container shipment port in the world. in fact, if there was ever a picture of the global economy to represent what's going on, this is the picture. psa singapore terminals operates the world's largest container shipment port. handling about one-fifth of the world's shipments. in 2008, alone, this port, along with three others, carried 29 million units of containers. daily sailings with everything from food to medicine to plastics, electronics, move every day from china, hong kong, taiwan, south and southeast asia, to japan, the u.s. and europe. 90% of the world's commerce is happening at sea. and commerce over the last two years is down. as businesses have cut back. of course, they've cut back on ordering of products and supplies, cutting into the shipping business substantially. the paernt of maersk is the latest to report a loss for the fi
CNBC - Squawk on the Street
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Nov 25, 2009
CNBC
Squawk on the Street
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Nov 25, 2009


on the wednesday before the thanksgiving holiday here in the united states. the opening bell is going to ring in just about -- just under three minutes' time. minutes before the bell, initial jobless claims coming in under the 500,000 mark. 466,000, the level. it sounds high, and it is. but it is an improvement past that key level. consumer spending in the meantime rising in the month of october and the dollar falling. gold setting a new record. $1,180 an ounce. matt? >> as we burn ourselves toward the opening bell, joined by larry levin for some insight here today. it is worse than expected, larry, in terms of that jobs figure. given enough catalyst to buy here or just the old weak dollar story again? >> matt, regardless of the economic data, the trend is higher. technically the s&p is strong. i don't believe fundamentally it's supported but technically it's strong. overnight, trade up to 1111 in the s&p. haven't seen that level in a long time. it couldn't surprise me at all today, five points higher than what we're going to open. if we did, even though elt will be light volume you'll see th
CNBC - Squawk Box
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Nov 27, 2009
CNBC
Squawk Box
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Nov 27, 2009


but they needed money for marching calls in the united states. you see global ripple effects. the thing that troubles me the most are european banks and obviously we see exposures but one of the mysteries of the u.s. financial crisis all along to he me has been why bond holders never took a haircut. in the u.s. banks depositors were protected. stockholders got crushed. the bond holders were always made whole. and sort of begs the question who has bonds and area they being protected? best information was a lot of those bonds were held in european banks and the reason the u.s. propped up the system is they didn't want to hammer the european banks and now european banks are getting hammered from another direction which is dubai but vulnerability is still there. i think that may be the biggest single casualty of this is stability of the european banking system. >> freappreciate your time. any closing comments? >> he probably has a better take on emerging markets and impact here than anybody. on the chicago trading floors will pay at a tensitention to t. if it gets near 28 next week, that's
CNBC - Squawk Box
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Nov 23, 2009
CNBC
Squawk Box
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Nov 23, 2009


the united states printing money. you've got battles over actually who is going to be doing the ultimate bookkeeping. frankly what you've got here are people who are making book entries between the fed and the banks. you've got book entries between the countries and the countries. there's nothing solid, for example, like gold sitting behind these transactions. so at some stage it says -- it's not new. but look at what's happened. normally gold and oil were moving either in tandem or certainly parallel. now you've got gold at its record high and oil sitting under $80 a barrel. the last time oil was at $147 a barrel, gold was making a top at 1040, 1075 is where the contract. you've got a divorce between the most fundamental commodity for consumption which is oil and the steady rock of commodities for value which are gold and silver. now, silver, the poor man's gold, has yet to achieve its highs from the 1980s forecasts 1979, 1980 when it reached $50 an ounce. >> the hunt brothers. >> hunt brothers are not around. but the argument about money and gold and silver is reemerging in a frighteni
CNBC - Worldwide Exchange
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Nov 23, 2009
CNBC
Worldwide Exchange
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Nov 23, 2009


1.9%. >>> well, the issue of state aid for gm's struggling opal unit has split the coalition. the proposal is also causing a rift amongst eu leaders as other european countries have pledged more than 1 billion euros in order to protect factories and jobs. the officials, eu economic ministers, and gm are meeting in brussels to discuss the restructuring plan. eu officials have warned that the financial aid may go against competition rules. matt? >>> well, the so-called health care reform bill cleared the big hurdle in the senate this weekend. lawmakers voting to open the debate just by a narrow margin. that is expected to start next week and last for three weeks. no republicans back the procedural vote. and a number of democrats, conservative democrats support the floor debate but are uncommitted as to the bill itself. senator dick durbin, the number two democrat in the senate says the government-run insurance plan or public option is negotiable. >> we're going to stick around and get it done. >> i don't think anybody feels this bill as senator reid put it down, though he made
CNBC - Worldwide Exchange
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Nov 20, 2009
CNBC
Worldwide Exchange
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Nov 20, 2009


of confidence in the financial system, it is substantially stronger today than when the president of the united states took office. >> tell all of that to the millions of americans who no longer have jobs because of your decision. >> what did he is about that, elizabeth? >> well, it reminds me of a popular game called the blame game played in businesses and politics around the world. and i think this could be very disruptive to try to bring somebody new on board. i think geithner does raise some points, but clearly the work is not done. it's a long and boring and yet difficult road to travel. >> good morning, elizabeth. there's comments coming through at this moment especially from morgan stanley steven roach telling the xherz seg here that the u.s. china trade route poses the biggest global threat especially in a bipartisan currency bill gets passed in congress and that could back fire by the chinese retaliating. given the summit that we had with obama and hu this week, given that we had a lot of diplomatic niceties, but nothing more concrete? >> it's of course very complicated because they're

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